Lockheed Martin (LMT) Stock in Strong Bullish TrendLockheed Martin CorporationBATS:LMTTraderAishDXBLockheed Martin (LMT) Stock in Strong Bullish Trend - Key Levels to Watch Lockheed Martin's (LMT) stock is currently exhibiting a well-defined bullish trend, trading near a recent higher low that may serve as a crucial support level for the next upward move. The defense giant continues to benefit from robust global military spending and a strong contract pipeline, positioning the stock for potential further gains. Technical Structure & Key Levels - Higher Low Support: The current price zone represents a critical support area where buyers have previously stepped in, maintaining the upward trajectory - Upside Targets: - Near-term: $500 (previous resistance zone) - Long-term: $610 (potential breakout extension) - Major Support: $375 would act as strong demand zone if any deeper pullback occurs Bullish Catalysts Supporting the Trend 1. Defense Sector Strength: - Record US defense budget allocations for 2024-2025 - Increased NATO military spending amid global tensions 2. Contract Backlog: - F-35 program continues to drive revenue - Hypersonic weapons and space systems development 3. Technical Momentum: - Price trading above key moving averages (50/200 DMA) - Higher highs and higher lows confirm uptrend structure Trading Strategy Considerations - Optimal Entry: - On bounces from current support level - On breakout above $460 confirmation - Risk Management: - Stop-loss below $375 for longer-term positions - Partial profit-taking near $490-500 resistance - Confirmation Signals: - Volume increase on upside moves - Sustained closes above $460 Potential Risks to Monitor - Geopolitical shifts affecting defense budgets - Program delays (particularly in F-35 production) - Broader market corrections impacting defense sector Long-Term Outlook: The combination of fundamental strength and technical positioning suggests LMT could progress toward 500 near-term, with $610 as a viable long-term target if the bullish structure holds. Traders should watch price action around current levels for continuation signals while remaining mindful of the $375 support as a critical level for the bullish thesis.